2279 Portofino Pl UNIT 2015Palm HarborFL34683
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Palm Harbor at 2279 Portofino Pl UNIT 2015, Palm Harbor, FL, 34683 uses $91,163 cash to close to unlock $972/yr annual cash flow and $81/mo monthly cash flow. Total monthly income runs $1,906/mo, and a $1,346/mo payment keeps the spread at $81/mo. Purchase price stands at $275,000, and rental yield measures 8.32% with $1,906/mo rent. Return on cash invested shows 20.98% in year one, and 5% annual appreciation builds toward $75,977 over five years. Five-year ROI reaches 109.2% and total cumulative return in cash records $99,551. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,906/mo property income covering a $1,346/mo payment rather than investor’s personal income.
Condo
Built in 2002
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 34683, Palm Harbor, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,757 (100%) |
| Owner Occupied HU | 11,743 (70.1%) |
| Renter Occupied HU | 3,060 (18.3%) |
| Vacant Housing Units | 1,954 (11.7%) |
| Median Home Value | $476,669 |
| Average Home Value | $538,671 |
Housing Distribution
Address Breakdown
Residential
14,234
Single Family
12,031
Multi-Family
2,203
Businesses
572
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Listed by: Jon Dant • RE/MAX ACTION FIRST OF FLORIDA
Mls Name: Stellar MLS
Mls ID: #TB8458556